Commit To Buy Enact Holdings At $17.50, Earn 89164.3% Annualized Using Options
May 13, 2024 at 13:19 PM EDT
Investors eyeing a purchase of Enact Holdings Inc (ACT) stock, but cautious about paying the going market price of $31.70/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May put at the $17.50 strike, which has a bid at the time of this writing of $171.00..